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Nov 30, 2012
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but that's just one part of the fiscal cliff debate. the other side of this, the massive spending cuts that have now educators ringing the alarm. they warn of increased class sizes, the elimination of after-school and summer school programs, libraries could close, all this as the u.s. tries to close an achievement gap. joining me now to continue our education nation conversation, world-renowned educator dr. steve perry, also host of tv one's "save my son." steve, it's great to have you here. the secretary of education, arne duncan, has said that 9 million students would be affected by the cuts including nearly 2 million that are already living in this country in poverty. when we talk about special education needs for the kids of our country, we're essentially about to take away resources from the students that need it most. however, we're not talking enough about that. >> one of the reasons why there's even a conversation about cuts is not so much because there's less money coming in, it's because of so much money going out. where we sp
but that's just one part of the fiscal cliff debate. the other side of this, the massive spending cuts that have now educators ringing the alarm. they warn of increased class sizes, the elimination of after-school and summer school programs, libraries could close, all this as the u.s. tries to close an achievement gap. joining me now to continue our education nation conversation, world-renowned educator dr. steve perry, also host of tv one's "save my son." steve, it's great to have...
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Dec 1, 2012
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in a moment the fiscal cliff cuts that could affect people in a fight for their lives. you're watching "weekends with alex witt." you're watching weekend with add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. >>> today is world aids day when people around the globe come together to show their support for the millions who have died from the disease and for those who are living with it. incredible advancements have been made, but a new report finds that budget cuts included in the fiscal cliff could cost aids and h.i.v. programs nearly 700 million in funding. we like to see that red ribbon on the front of the white house. joining me is michael elliott, president and ceo of one, the global advocacy organization formed by bono. >> how are you? >> i'
in a moment the fiscal cliff cuts that could affect people in a fight for their lives. you're watching "weekends with alex witt." you're watching weekend with add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male...
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Dec 1, 2012
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even while the fate of our fragile economy hangs in the fiscal cliff balance, for that let's turn to our distinguished guests. peter goodman. he's the huffington post business editor on a former "new york times"man. we welcome back republican congresswoman nan hayworth and haddy heath, senior policy analyst with the independent women's forum. okay. so mcconnell laughed at the tim geithner proposal. and john boehner says we're at a stalemate. and president obama himself is kind of getting ugly about this enemy's list. we've seen this before from him. my proposal is, republicans have to come with a counter offer. right now. there's no point in blasting obama. just a counter offer. i want to read from today's newspaper. this is what mitch mcconnell said. "higher medicare premiums for the wealthy, an increase in the medicare eligibility age, and a slowing of costs of living increases for programs like social security. and then republicans would agree to include more tax revenue in the deal but not from higher tax rates." now, let's just look at this for a second. we'll go to you first, n
even while the fate of our fragile economy hangs in the fiscal cliff balance, for that let's turn to our distinguished guests. peter goodman. he's the huffington post business editor on a former "new york times"man. we welcome back republican congresswoman nan hayworth and haddy heath, senior policy analyst with the independent women's forum. okay. so mcconnell laughed at the tim geithner proposal. and john boehner says we're at a stalemate. and president obama himself is kind of...
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Nov 29, 2012
11/12
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they want to avoid the fiscal cliff, balanced approach, they want us to do it right now. >> right now secretary geithner should be wrapping up a meeting with the senate republican leader mitch mcconnell. maybe they will have a press conference. meeting with house democratic leader nancy pelosi at the top of the hour. dennis: i am sure the sox will gyrate wildly in response. thank you very much. cherly the u.s. embassy in cairo ordered close as protest continues over a recent decree by president mohamed morsi granting himself near absolute power in that country. managing director joins me now. obviously the impact now of the market here in the oil market in particular is what is each of the false into civil war. what happens to oil them. >> you have to look at the suez canal, therefore the price of oil. they do have a history of the army stepping in to maintain this. order in a situation like "the trade" time, what we have now is a different type of egypt. we had a guest on yesterday telling us the muslim brotherhood and hamas are the same thing. a terrorist organization in the minds o
they want to avoid the fiscal cliff, balanced approach, they want us to do it right now. >> right now secretary geithner should be wrapping up a meeting with the senate republican leader mitch mcconnell. maybe they will have a press conference. meeting with house democratic leader nancy pelosi at the top of the hour. dennis: i am sure the sox will gyrate wildly in response. thank you very much. cherly the u.s. embassy in cairo ordered close as protest continues over a recent decree by...
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Dec 5, 2012
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. >> what nancy pelosi was talking about wasn't exactly the tax cuts now, fiscal cliff later. both sides have said this has to be a two-step process, there has to be some kind of commitment in downpayment on taxes and entitlement cuts and sets up a framework for broader and comprehensive tax and entitlement reform next year because it is such a big, huge change to how we tax and how we would provide medicare and medicaid and social security, you can't do it all in four books. this new idea that republicans get more leverage if they give the president taxes now and hold out on, and hold the line on the debt ceiling like they did last summer successfully is something that is new and i think a different kind of two-part plan that republicans are starting to consider as maybe a backup plan that gives them the ability to say we lost the 2% tax hikes now, but we're going to fight later on the debt ceiling. >> let me bring in congressman james lang foford, fifth rankin republican in the house, congratulations, good morning. >> thank you, good morning. >> let me ask you about the poss
. >> what nancy pelosi was talking about wasn't exactly the tax cuts now, fiscal cliff later. both sides have said this has to be a two-step process, there has to be some kind of commitment in downpayment on taxes and entitlement cuts and sets up a framework for broader and comprehensive tax and entitlement reform next year because it is such a big, huge change to how we tax and how we would provide medicare and medicaid and social security, you can't do it all in four books. this new...
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Nov 30, 2012
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tonight on "special report," republicans are calling president obama's offer to get off the fiscal cliff ludicrous and absurd. they are insisting on spending cuts. president held a campaign rally, toy factory in pennsylvania. she characterizing the opposition as a handful of republicans who want to hold middle class tax cuts hostage. what happens if a deal does not get done in time? we'll look at what sequestration really means. it appears susan rice had access to the president's daily brief before she made her misleading statement about the cause of the september 11 attacks. now back to my colleagues at "the five." ♪ ♪ >> brian: this is a senior and has autism and other development issues and a t place kicker, which is extraordinary. having a rough season. but anthony led the team to upset victory. here is how it sounded. [ cheering ] >> brian: this game-winning field goal is a hit on youtube ever since. what is amazing, this kid loves rutgers. he used to sit in the stands. developmentally around 12 years old. going to high school and beloved by everybody. sitting in the stands watc
tonight on "special report," republicans are calling president obama's offer to get off the fiscal cliff ludicrous and absurd. they are insisting on spending cuts. president held a campaign rally, toy factory in pennsylvania. she characterizing the opposition as a handful of republicans who want to hold middle class tax cuts hostage. what happens if a deal does not get done in time? we'll look at what sequestration really means. it appears susan rice had access to the president's...
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to them shouldn't be part of the fiscal cliff solution and the negotiations continue. you're watching cnbc, first in business worldwide. d... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. well, having a ton of locations doesn't hurt. and a santa to boot! [ chuckles ] right, baby. oh, sir. that is a customer. oh...sorry about that. [ male announcer ] break from the holiday stress. fedex office. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing
to them shouldn't be part of the fiscal cliff solution and the negotiations continue. you're watching cnbc, first in business worldwide. d... ♪ ♪ ...could end with adding a close friend. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go....
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Dec 7, 2012
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at the end of the year, we would still go over the fiscal cliff. remember, the bush tax cuts are one of the at least stimulative policies in the negotiations. according to the economic policy institute, extending the middle class tax cuts would wipe out only about 11% of the austerity's economic impact. 11%. but all that other stuff, the payroll tax cut, the unemployment insurance, the sequester, all that, that would still be expiring. so come early next year, the economy would likely be entering an austerity-induced recession. markets would be convulsing as they realize our austerity crisis is about to become also a default crisis. and so the economy, as a whole, is going to be going nuts. poll after poll already shows republicans are receiving more blame for the potential failure of the debt talks. and after telling the press they're going to make a strategic decision to use a debt ceiling as more and more dangerous leverage, they're likely going to get blamed for that, too. and that will be much worse in the polls. republicans may believe the wh
at the end of the year, we would still go over the fiscal cliff. remember, the bush tax cuts are one of the at least stimulative policies in the negotiations. according to the economic policy institute, extending the middle class tax cuts would wipe out only about 11% of the austerity's economic impact. 11%. but all that other stuff, the payroll tax cut, the unemployment insurance, the sequester, all that, that would still be expiring. so come early next year, the economy would likely be...
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it would essentially lay the groundwork for a quick fix to this fiscal cliff. >> sam stein, "huffington post," good to have you with us. >> go giants. >> stop that. >> had to do that. >> remember to answer tonight's question at the bottom of the screen. share your thoughts on twitter @edshow and on facebook. >>> coming up, mitch mcconnell saying raising limits. we're talking about what will happen if the parties don't come to a deal. >>> senate republicans have used a record number of filibusters. >>> senate republicans have used a record number of filibusters. john boehner is fighting to keep it that way. we'll tell you what that's about. >>> fast food workers stage the largest strike in their history. we'll show you what they hope to accomplish here in the big apple. >>> and later the white house releases the first beau obama christmas video. it's much better than the old barney camp videos and we have the tape to prove us. share your thoughts on facebook and twitter. we're coming right back. >>> welcome back to "the ed show." thanks for watching tonight. republicans want democrats to
it would essentially lay the groundwork for a quick fix to this fiscal cliff. >> sam stein, "huffington post," good to have you with us. >> go giants. >> stop that. >> had to do that. >> remember to answer tonight's question at the bottom of the screen. share your thoughts on twitter @edshow and on facebook. >>> coming up, mitch mcconnell saying raising limits. we're talking about what will happen if the parties don't come to a deal. >>>...
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cliff. than republicans at this juncture. simultaneously, you have republic republicans, not just moderate republicans but real conservative republicans saying we have to do what the president wants to do on taxes. right now and debate the other issues later down the road. i don't see democrats doing something of similar harassy on their side. the president controls the game. he's in the driver's seat the next couple months. >> why are republicans dissing a $600 billion cut? why do they say that's not a credible proposal? >> this is the process of negotiation. it's laughable in some respects they think the administration would come at them with something in the middle ground. that's what the administration did with the stimulus bill. one-third of it was tax cuts. they said from the get go, we're going to give republicans what they want. we expect them to meet in the middle. that's not what they did this time. this is where we are, we'll meet down here. republicans are going to do the same th
cliff. than republicans at this juncture. simultaneously, you have republic republicans, not just moderate republicans but real conservative republicans saying we have to do what the president wants to do on taxes. right now and debate the other issues later down the road. i don't see democrats doing something of similar harassy on their side. the president controls the game. he's in the driver's seat the next couple months. >> why are republicans dissing a $600 billion cut? why do they...
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cliff issue? >> i think democrats have already shown a willingness to make very significant cuts. we've already in the budget control act agreed to an excess of $1 trillion of cuts. that's a pretty good faith counsel payment on our willingness to come to the table and do things that are very painful and difficult for us to do. we haven't seen that yet reciprocated in terms of gop willingness to raise the kind of revenues that we've already committed to reducing in terms of spending cuts. but i think we've demonstrated very good faith that we're ready to make the hard calls to pay down our debt, balance our books. at the same time, we don't want to take steps that are going to be counter productive? terms of the economy and getting people employed again. we don't want to go with an austerity approach like europe that will put us into potentially a double dip recession. >> speak to me about another issue that you've really been on the forefront of, and that is immigration reform, specifically as it
cliff issue? >> i think democrats have already shown a willingness to make very significant cuts. we've already in the budget control act agreed to an excess of $1 trillion of cuts. that's a pretty good faith counsel payment on our willingness to come to the table and do things that are very painful and difficult for us to do. we haven't seen that yet reciprocated in terms of gop willingness to raise the kind of revenues that we've already committed to reducing in terms of spending cuts....
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it was the fiscal cliff 1.0. the tax cuts were set to expire and senator reid was on the floor. the democrats did not want to extend all the tax cuts. they only wanted to do some of the tax cuts. and he was trying to create an impression of the time that republicans were obstructing the process. but in reality, they were respecting the agenda and creating an environment that they can win politically. and he said right after this quote, a rare weekend session in the senate -- he had to senate's side by side. no republicans and he set this up and show that republicans were obstructionist. but they would not go along with what he said is that the country. this is a public relations ploy designed to shift the democrat ability to go along with what republicans have to do. the republicans are saying we don't want to go along with what the democrats want to do. in short, he was seeking to control the agenda and i think that's the real issue. certainly, there are times when minorities of both parties both needed to or wanted to. but the real issue is one of agenda control. we actually h
it was the fiscal cliff 1.0. the tax cuts were set to expire and senator reid was on the floor. the democrats did not want to extend all the tax cuts. they only wanted to do some of the tax cuts. and he was trying to create an impression of the time that republicans were obstructing the process. but in reality, they were respecting the agenda and creating an environment that they can win politically. and he said right after this quote, a rare weekend session in the senate -- he had to senate's...
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Dec 1, 2012
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, the so-called "fiscal cliff". the president took to the road, while republicans warned there's a deadlock in efforts to reach a deficit deal. >> now, of course, santa delivers everywhere. i've been keeping my own naughty and nice lists for washington. >> warner: the president chose a seasonal setting, a toy factory in hatfield, pennsylvania, and holiday imagery to press again for extending tax cuts for the middle class. >> if congress does nothing, every family in america will see their income taxes automatically go up on january 1. i mean, i... i'm assuming that doesn't sound too good to you. >> no. >> that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. >> warner: in washington, republicans portrayed the road trip as so much humbug, at a time, they said, when negotiations are going nowhere. >> there's a stalemate. let's not kid ourselves. >> warner: house speaker john boehner said republicans remain willing to raise revenues, but not by raising tax rates. and he charged the whi
, the so-called "fiscal cliff". the president took to the road, while republicans warned there's a deadlock in efforts to reach a deficit deal. >> now, of course, santa delivers everywhere. i've been keeping my own naughty and nice lists for washington. >> warner: the president chose a seasonal setting, a toy factory in hatfield, pennsylvania, and holiday imagery to press again for extending tax cuts for the middle class. >> if congress does nothing, every family in...
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the deal is to avoid a series of tax increases, and spending cuts that many believe would be a fiscal cliff that would kick in on january the 1st. chief congressional correspondent mike emanuel is watching it all unfold on capitol hill. what do we know about the visit about the expectations for what might happen during it. >> reporter: martha, timothy geithner arrived here on capitol hill a short time ago to meet first with senate majority leader harry reid. we know he's having individual meetings with the top four leaders of congress. what republicans have said they want to hear, and republicans will be critical, because they need republican support to get any final fiscal cliff deal through the senate, and also through the house, they say they hope that he's coming with concrete spending cut ideas that are acceptable to the administration. one of the meetings today will be with senate republican leader mitch mcconnell who a short time ago sounded pretty fired up. >> the only reason democrats are insisting on raising rates is because raising rates on the so-called rich is the holy gr
the deal is to avoid a series of tax increases, and spending cuts that many believe would be a fiscal cliff that would kick in on january the 1st. chief congressional correspondent mike emanuel is watching it all unfold on capitol hill. what do we know about the visit about the expectations for what might happen during it. >> reporter: martha, timothy geithner arrived here on capitol hill a short time ago to meet first with senate majority leader harry reid. we know he's having individual...
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in firms of the discussions of the fiscal cliff, the white house is focused solely on cuts for top earners. almost no discussion of unemployment insurance and payroll taxes, the farm bill which would include the price of milk and food stamps on a broader level. at what point do these become sticking points in the negotiation? >> reporter: they're going to become sticking points and probably before the end of the year, because remember there are a couple of things going on. if the president gets a deal on rates, republicans are going to be less inclined to go along with some of the other things, like extended unemployment insurance and some sort of extension perhaps in different form of the payroll tax cut. but also to avoid the sequestration, the congress has got to find some way to have cuts in the interim. if they kick the can down the road they have to have month by month cuts. the farm bill, talking $10 billion a month to in effect buy off the sequestration while they negotiate, the farm bill if you take the senate bill, $23 billion in subsidies cut overall, $4 billion as mentioned fro
in firms of the discussions of the fiscal cliff, the white house is focused solely on cuts for top earners. almost no discussion of unemployment insurance and payroll taxes, the farm bill which would include the price of milk and food stamps on a broader level. at what point do these become sticking points in the negotiation? >> reporter: they're going to become sticking points and probably before the end of the year, because remember there are a couple of things going on. if the...
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if they can't avoid the fiscal cliff, it means on january 1st, every american will pay more income tax, between 2,000 to $2,200 for the average family. $500 billion in automatic spending cuts will go into effect. half of that at the pentagon. the other half coming in transportation, food safety and research. economists feel if washington can't strike a deal, the economy will fall back into recession and the unemployment rate will shoot up, rob and paula. >> tahman, the clock is ticking in all of this. where do the talks go from here this week? >> well, the white house said president obama presented his plan last week and the gop leaders shot it down. now, the ball is in the hands of the republicans. right now, it's all about the math. republicans may have to cave on taxes but president obama may have to accept deeper spending cuts. only 18 days left. >> the messy art of compromise. tahman bradley live in washington. >>> and rivers are rising across northern california this morning after three powerful storms blow through in less than a week. the latest round of flooding rain drenched t
if they can't avoid the fiscal cliff, it means on january 1st, every american will pay more income tax, between 2,000 to $2,200 for the average family. $500 billion in automatic spending cuts will go into effect. half of that at the pentagon. the other half coming in transportation, food safety and research. economists feel if washington can't strike a deal, the economy will fall back into recession and the unemployment rate will shoot up, rob and paula. >> tahman, the clock is ticking in...
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cliff, all those horrible cuts that could plunge us into a depression and all the rest that no democrats want either. so are you serious, you really -- are you really saying what i think you're saying, that is that it might be a strategy that the president really wants? wants us all to go over the cliff? and then just blame you? >> yeah. that i think that's to his political advantage to do that, because then he gets to blame us, set up the 2014 elections by us being the bad guys. but look at this. a lot of my colleagues on the other side of the aisle like the $600 billion hit to the defense department, and they'll absorb the 2% of cuts to the other programs out there. and remember, none of the cuts that are in the sequestration have to do with the big three on the entitlement programs. most of us would love to see an erskine bowles type of solution put on the table here. >> so what if there were -- >> the simpson/bowles, sorry. >> simpson/bowles, i understood what you mean. there is an erskine bowles as well. what about congressman tom coley, your colleague, and his overture that you wou
cliff, all those horrible cuts that could plunge us into a depression and all the rest that no democrats want either. so are you serious, you really -- are you really saying what i think you're saying, that is that it might be a strategy that the president really wants? wants us all to go over the cliff? and then just blame you? >> yeah. that i think that's to his political advantage to do that, because then he gets to blame us, set up the 2014 elections by us being the bad guys. but look...
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i have two questions concerning the fiscal cliff. the cash cuts that republicans -- the spending cuts on medicare. why don't we allow them to negotiate medicare and to reduce the cost of medicine? that should save you a lot of money yearly. i agree totally about the republicans and democrats spending money stupidly just before the election. both sides voted to refurbish something like 170 army tanks that the army said they'd do not need. they went and voted to repair those tanks. why are we wasting our money? democrats want to cut taxes. host: armstrong williams? guest: we haven't gotten to affordable care and medicare and medicaid. if affordable care was administered correctly and if he did not have the special interest groups and if tort reform was not included, package you move forward in making health care work for anyone if you do not bring tort reform to the table? the medical malpractice lawsuits are out of control where doctors are paranoid and have to think twice before going through these procedures. it becomes a nightmare
i have two questions concerning the fiscal cliff. the cash cuts that republicans -- the spending cuts on medicare. why don't we allow them to negotiate medicare and to reduce the cost of medicine? that should save you a lot of money yearly. i agree totally about the republicans and democrats spending money stupidly just before the election. both sides voted to refurbish something like 170 army tanks that the army said they'd do not need. they went and voted to repair those tanks. why are we...
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they are understanding it as we get closer to the fiscal cliff. >> it says a signal to people that the senate passed tax cuts for 98% of americans but they won't do it in the house. that was before the election. and i just holding the ground is going to be important, no question about that. i get a sense the democrats are unified. but going over the cliff, that affects the constituents big time. correct? >> how do you hold that together? >> there's unanimity that july 25th, we passed tax cuts for the 98% to continue this tax policy that they get an average tax cut meaning if it expires, their taxes go up. republicans know that. republicans know if they don't do it by january 1st, we're going to keep passing tax cuts for the middle class. if they keep saying no, eventually they won't because the public pressure will be on them they need to step up. they have to quit protecting. they do everything in the name of the wealthy. >> okay. sherrod brown, stay with us. i appreciate it. >>> it looks like senator-elect elizabeth warren, a champion of financial reform, will get a spot on the banki
they are understanding it as we get closer to the fiscal cliff. >> it says a signal to people that the senate passed tax cuts for 98% of americans but they won't do it in the house. that was before the election. and i just holding the ground is going to be important, no question about that. i get a sense the democrats are unified. but going over the cliff, that affects the constituents big time. correct? >> how do you hold that together? >> there's unanimity that july 25th, we...
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house speaker john boehner yesterday talking about the fiscal cliff declaring that a stalemate now exists. as both sides dig in their heels. the gop demanding entitlement cuts in exchange for revenue. nancy pelosi, meanwhile, threatening to take action to enforce a vote on extending middle class tax cuts if republican leaders don't bring it to the floor next week. want to bring in democratic congressman peter welch from vermont. congressman welch, always a pleasure. let's talk -- >> thank you. >> let's talk about entitlements here. are you willing to put entitlements on the table if republicans agree to more revenues through tax increases on the wealthy? >> yes. and the president is, too. essentially the president has made an opening offer. $1.6 trillion in new revenue from the top 2% and about $400 billion in medicare savings over the course of the next ten years. now, the next move, actually, is speaker boehner's counteroffer, whatever that may be. he has a very tough position and my view, the speaker understands that mitt romney, who ran on the platform of not raising taxes lost and th
house speaker john boehner yesterday talking about the fiscal cliff declaring that a stalemate now exists. as both sides dig in their heels. the gop demanding entitlement cuts in exchange for revenue. nancy pelosi, meanwhile, threatening to take action to enforce a vote on extending middle class tax cuts if republican leaders don't bring it to the floor next week. want to bring in democratic congressman peter welch from vermont. congressman welch, always a pleasure. let's talk -- >> thank...
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it wast( the prefiscal cliff or fiscal cliff 1.0 #. the 2001 tax cuts about to expire. senator reid on the floor, the democrats did not want to extend all tax cuts, just some of the tax cuts, and he was trying to create an impression that, at the time, that republicans were obstructing the process and what the democrats wanted to do, but in reallots what reid was trying to do, i believe, was set the agenda and create an environment so that he could win politically and set up after the quote, a rare weekend session in the senate where he had two votes, no republican amendments allowed, and he set this up to show that republicans were obstructionists, and that they would not go along with what he said was good for the country, and this was a public relations ploy designed to shift attention from the democrats inability to come along with what republicans wanted to do, which is fine, their prerogative k to republicans saying we don't want to go along with what the democratsment to do. in short, he was seeking to control the agenda, and i think that's the real issue here. c
it wast( the prefiscal cliff or fiscal cliff 1.0 #. the 2001 tax cuts about to expire. senator reid on the floor, the democrats did not want to extend all tax cuts, just some of the tax cuts, and he was trying to create an impression that, at the time, that republicans were obstructing the process and what the democrats wanted to do, but in reallots what reid was trying to do, i believe, was set the agenda and create an environment so that he could win politically and set up after the quote, a...
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specific revenue increases that reduced the deficit to avoid the fiscal cliff. we should not put off hard decisions of gimmicks or with triggers. that's what got us here in the first place. it's time to bite the bullet and make the tough decisions and make them now. the first thing we should do is immediately and permanently extend a middle-class tax cut. this will provide needed certainty to america's families and businesses and markets. this decisive action will ensure that millions of american families don't see attacks like of more than $2000 starting next month. in year-end agreement must also have a long-term extension of the debt ceiling. america cannot afford another debilitating to school showdown. it has to be a package deal. then we need to enact a long-term and comprehensive deficit solution. most serious plans recommend about $4 trillion deficit reduction over 10 years to restore fiscal balance. the budget control act banks about 1 billion. bringing our troops home from iraq and afghanistan saves another 800 billion. that's real savings. it should b
specific revenue increases that reduced the deficit to avoid the fiscal cliff. we should not put off hard decisions of gimmicks or with triggers. that's what got us here in the first place. it's time to bite the bullet and make the tough decisions and make them now. the first thing we should do is immediately and permanently extend a middle-class tax cut. this will provide needed certainty to america's families and businesses and markets. this decisive action will ensure that millions of...
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for instance, if we did go over the fiscal cliff and all of those bush tax cuts expired, then they could go and pass something that would actually be higher taxes than we have today, but lower than the, you know, where we would be then. i mean, this pledge has definitely got some holes in it, and grover himself will concede that. >> you mention that it was passed in the '80s, and for folks who aren't familiar with it, let's put it up here. one, according to the pledge, oppose any and all efforts to impose the marginal income tax rates for individuals or business and impose deductions and credits unless matched dollar for dollar by further tax rates. ana marie met congressman tom cole of oklahoma, saying republicans should support president obama's plan to raise taxes on folks who earn more than $250,000. he repeated that sentiment today. several other republicans said they'll violate his pledge. is there a full fledged revolt now against norquist? >> i think he is losing his influence. i have to add to karen's insight, democrats have elevated him, so has the media. the fact we are talkin
for instance, if we did go over the fiscal cliff and all of those bush tax cuts expired, then they could go and pass something that would actually be higher taxes than we have today, but lower than the, you know, where we would be then. i mean, this pledge has definitely got some holes in it, and grover himself will concede that. >> you mention that it was passed in the '80s, and for folks who aren't familiar with it, let's put it up here. one, according to the pledge, oppose any and all...
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the president makes an offer to avoid the fiscal cliff. lso where are the cuts? we are live in washington with the details. look at that guy. a construction worker walks in a convenience store checks his number and walks out perhaps a multimillionaire. we'll tell it to you straight away. >> officer and a gentleman. you will hear from the cop who spent his hard earned cash to buy a pair of socks and shoes. he pet them on him. "fox and friends" starts right now. ♪ ♪ ho, ho hompt >> indeed. rick it is not christmas time here in new york city until rick descends down one of the tallest buildings in connecticut and there he is. screen left from last year screen right. when he bumped into the building. good morning to you rick. >> some traditions like fruit cake that shouldn't happen . maybe it is one of those tradition. you do it once and this is a building here. give you a shot from the top going down. it gets a little dark there. it gives you an individual. tan ford downtown height lights and they start it off by santa going over this with elvescan on sunday nig
the president makes an offer to avoid the fiscal cliff. lso where are the cuts? we are live in washington with the details. look at that guy. a construction worker walks in a convenience store checks his number and walks out perhaps a multimillionaire. we'll tell it to you straight away. >> officer and a gentleman. you will hear from the cop who spent his hard earned cash to buy a pair of socks and shoes. he pet them on him. "fox and friends" starts right now. ♪ ♪ ho, ho...
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what do average americans want to see in a fiscal cliff solution. we've got the exclusive results of our exclusive cnbc all-america economic survey. >>> now to everybody's all-american, sue herera standing by at the nyse. >> you're sweet, ty. thanks. >>> we're a little bit on the downside. we really kind of retraced a little bit on the dow jones industrial average. previous to this we were solidly in the green in all three of the major market indices. the dow now down 14 1/2 points. nasdaq up eight. the s&p is down just a fraction. of course we are also watching apple on the back of yesterday's drop. the stock today is traded up $4.82. that's just under a percentage move to the plus side. it's rebounding, still at bear market territory, however. it has lost over $50 billion in market cap over the past few days alone. our bob pisani joins me here on the floor of the nyse. what are you hearing from traders? the market is drifting a little bit. the focus is on apple. there seems to be a little bit of enthusiasm that it can come back to the up side. >>
what do average americans want to see in a fiscal cliff solution. we've got the exclusive results of our exclusive cnbc all-america economic survey. >>> now to everybody's all-american, sue herera standing by at the nyse. >> you're sweet, ty. thanks. >>> we're a little bit on the downside. we really kind of retraced a little bit on the dow jones industrial average. previous to this we were solidly in the green in all three of the major market indices. the dow now down 14...
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ashley: instead of cutting government spending ahead of the fiscal cliff president obama wants to raise it by billions of dollars. does tax-and-spend work? gerri willis will help us break it down. i have a feeling i think what she feels. tracy: yeah, really. look at some winners and losers on the s&p 500 as we head out to break. the dow is practically flat right now. advanced micro devices up 5%. costco. tiffany on the downside one of your losers, down 2 1/2%. we'll be right back. ♪ ♪ [ male announcer ] it started long ago. the joy of giving something everything you've got. it takes passion. and it's not letting up anytime soon. if you're eligible for medicare, you might know only c% of your part b medical expenses. threst is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help pay some of the difference. and could save you in out-of-pocket medical costs. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are
ashley: instead of cutting government spending ahead of the fiscal cliff president obama wants to raise it by billions of dollars. does tax-and-spend work? gerri willis will help us break it down. i have a feeling i think what she feels. tracy: yeah, really. look at some winners and losers on the s&p 500 as we head out to break. the dow is practically flat right now. advanced micro devices up 5%. costco. tiffany on the downside one of your losers, down 2 1/2%. we'll be right back. ♪ ♪ [...
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treaty about disability or what they're saying by the fiscal cliff. we're seeing an important shift in their strategy. i think at the end of the day john boehner is going to decide it makes more sense to pass the senate bill, extending the tax cut to 98% saying to the public at large we're not going to deny you that, but we're not going to pass the debt ceiling increase. on that they'll hang tougher seeking to extract something from the white house. >> i agree with half of that. i think they're going to wait for the debt ceiling crisis that they're going to create with their leverage. but it seems to me that they have more incentive to blame the democrats for rising taxes on everybody, and then come back and pass that middle class tax cut. i think we're going to see the sun setting of the bush tax cuts. i just don't see how the tea partyers essentially can do a preemptive basically pre- preemptive tax cuts before the taxes go back up. >> eliot: charles, do you agree with sam? once the tax cuts have expired maybe they pass the tax cut for 98% but then
treaty about disability or what they're saying by the fiscal cliff. we're seeing an important shift in their strategy. i think at the end of the day john boehner is going to decide it makes more sense to pass the senate bill, extending the tax cut to 98% saying to the public at large we're not going to deny you that, but we're not going to pass the debt ceiling increase. on that they'll hang tougher seeking to extract something from the white house. >> i agree with half of that. i think...
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. >>> a new weapon is being launched today in the fiscal cliff fight. three major unions are financing tv ads with a message asking viewers to call their elected including senator warner and claire mccaskill. here's the message from the national education association. >> cutting hundreds of billions of dollars from medicare and medicaid will short-change the people who need it the most. so if you don't want seniors to come up empty, call senator warner and tell him, don't make a bad deal that cuts our care. >> joining me now is the federal government affairs director, chuck loveless. >> good to see you, chris. >> you're targeting four politicians here, senator warner and claire mccaskill and two others. why these four? >> we are very concerned that it could include many cuts in medicare, medicaid, and social security. with regard to the two republican house members, both of them have expressed some interest in including revenues as part of an overall deficit deal so we're trying to encourage them in their thinking in this way. >> these ads are running i
. >>> a new weapon is being launched today in the fiscal cliff fight. three major unions are financing tv ads with a message asking viewers to call their elected including senator warner and claire mccaskill. here's the message from the national education association. >> cutting hundreds of billions of dollars from medicare and medicaid will short-change the people who need it the most. so if you don't want seniors to come up empty, call senator warner and tell him, don't make a...
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and fiscal cliff. but if no compromise is reached and if the u.s. does over that fiscal cliff what it will mean for the average american taxpayer. senator orrin hatch says disaster. >> if we don't act by the end of year, 28 million more families will be forced to pay the minimum tax. 24 million will be hit with tax and average middle-class family would see their taxes go up by $2,000. >> heather: dominic is financial advisor and joins us. so you say this fiscal cliff, its fiscal nuclear bomb. what are some of the elements that concern you most? >> let's starts with this was something created by congress and signed into law by president obama. so this is not a tsunami that just came by accident, mother nature. this was created by our elected public officials. should it go off, it will be nothing short of a nuclear weapon, a fiscal nuclear weapon. we have not only the increasing of capital gains taxes and marginal tax rates but 26-28 million americans are going to be subject to the alternative minimum ta
and fiscal cliff. but if no compromise is reached and if the u.s. does over that fiscal cliff what it will mean for the average american taxpayer. senator orrin hatch says disaster. >> if we don't act by the end of year, 28 million more families will be forced to pay the minimum tax. 24 million will be hit with tax and average middle-class family would see their taxes go up by $2,000. >> heather: dominic is financial advisor and joins us. so you say this fiscal cliff, its fiscal...
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the fiscal cliff. "the press telegram" in long beach, california has an article entitled "small in number, large in clout" about a strike that has slowed the nation's busiest cargo complex at the ports. they've been offered a salary boost to 195,000 with 11 weeks paid vacation. a ten-day walkout in 200002 caused $15 billion in losses. >>> the "lewiston tribune "in idaho, wanted experienced pot farmer. a washington state man seeking experts to develop a marijuana industry. possession of the drug will be legal in the state thursday. >>> now to the mystery surrounding the second winner of that massive powerball jackpot. one couple has come forward with their golden ticket. the other winner still unknown. there is, however, surveillance video showing a man who appears to be celebrating after checking the numbers on his ticket but he hasn't come forward yet. nbc's tom costello is in maryland with his story. >> alex, good day to you. everybody in this gas station here in upper marlboro, maryland says they re
the fiscal cliff. "the press telegram" in long beach, california has an article entitled "small in number, large in clout" about a strike that has slowed the nation's busiest cargo complex at the ports. they've been offered a salary boost to 195,000 with 11 weeks paid vacation. a ten-day walkout in 200002 caused $15 billion in losses. >>> the "lewiston tribune "in idaho, wanted experienced pot farmer. a washington state man seeking experts to develop a...
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defense and domestic cuts could be avoided if a grand bargain is struck to avoid the fiscal cliff. if not, it will get ugly, shep. >> shepard: yeah, it will. give us an idea what we are talking about in the way of cuts here if this happens. >> as you mentioned they are split between domestic and defense cuts. let's take a look at the domestic cuts. educational programs including special education will be cut by $2.3 billion medicare payments to hospitals cut by $5.6 billion. prescription drug benefits lose $591 million. on the defense side, across the board 9.4% cut regardless of the program's merit. defense department operations and maintenance loses $3.9 billion in 2013. air force and navy aircraft purchases get cut by more than $4.2 billion. that is why some are calling cutting with a machete instead of a scalp pull. shep? >> shepard: stocks closed higher after a choppy day of trading. dow industrial average eked out 4 point gain over uncertainty about fiscal cliff thing. weakest spending report since may. a lot of storm out of that. according to the commerce department, spendin
defense and domestic cuts could be avoided if a grand bargain is struck to avoid the fiscal cliff. if not, it will get ugly, shep. >> shepard: yeah, it will. give us an idea what we are talking about in the way of cuts here if this happens. >> as you mentioned they are split between domestic and defense cuts. let's take a look at the domestic cuts. educational programs including special education will be cut by $2.3 billion medicare payments to hospitals cut by $5.6 billion....
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the reason we find ourselves about to go off the fiscal cliff with the automatic spending cuts, in part is because back in 2011, they wanted to raise the debt ceiling and the republicans said you cannot do it unless we do spending cuts. we cannot just do deficit spending. so they agree, they cut this deal, now the democrats are going to the republicans and saying, forget that. let's just in the position to get rid of it. what on earth would make them think that republicans would agree to that? >> because the president thinks he has a mandate from the whole country. he thinks he can get anything he wants. i am sure that alan colmes loves this idea. here are the problems. the congress has the authority to authorize the debt. they also have the authority to authorize the bill that pays the debt. so now the president wants to take that away. this guy has shown a tendency to say that i don't need congress. i can pass laws with a stroke of a pen on executive orders. he doesn't need the supreme court because he declares laws unconstitutional, like doma. he says he wants an unlimited credit car
the reason we find ourselves about to go off the fiscal cliff with the automatic spending cuts, in part is because back in 2011, they wanted to raise the debt ceiling and the republicans said you cannot do it unless we do spending cuts. we cannot just do deficit spending. so they agree, they cut this deal, now the democrats are going to the republicans and saying, forget that. let's just in the position to get rid of it. what on earth would make them think that republicans would agree to that?...
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i'm calling concerning the fiscal cliff. i was wondering -- funding is going to be cut off such as unemployment. i'd like to know where do it stand and what is it being done? host: an update this morning on the former president george h.w. bush this according to reports out of houston saying he was in the hospital thursday for treatment of a lingering cough. he is 88 years old and has been in and out of the hospital recently because of complications due to wrongitis. they say expect the president to be released on saturday. he has been under hospital care for nearly a week. this is the republican line. hello? steve? good morning. caller: yes. good morning. pedro, off question and comment. one problem is -- completely out of control. and they continue to -- don't want to touch -- in this country. because the prices of the medical are too -- government -- i don't want to -- medicare, keep complaining about -- and because the hospital -- and they never contribute that much noun medicare. and they put all the money they could to
i'm calling concerning the fiscal cliff. i was wondering -- funding is going to be cut off such as unemployment. i'd like to know where do it stand and what is it being done? host: an update this morning on the former president george h.w. bush this according to reports out of houston saying he was in the hospital thursday for treatment of a lingering cough. he is 88 years old and has been in and out of the hospital recently because of complications due to wrongitis. they say expect the...
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that's the amount that would increase if, in fact, the country does go over the fiscal cliff. the white house points out that they have actually gotten more hits on that #my2k than they got during the payroll tax cut fight when they launched a similar effort. so they feel as though this is a good way to put the pressure on congress. but having said all of that, andrea, this really remains in a deadlock. house speaker john boehner saying the situation is in a stalemate today. >> and luke russert, you covered the hill. you have a feel for what eric cantor and kevin mccarthy and the speaker is saying. is this just shadow boxing between the two sides of pennsylvania avenue or is this a serious stalemate with only ten legislative gas dais to go. >> we knew november would be for saber rattling and december would be where the deal would be put together. this is more significant than just your typical squirmish, shall we say, between both sides. john boehner saying, quote, right now we're almost nowhere. republicans were very much offended that timothy geithner brought to them a deal
that's the amount that would increase if, in fact, the country does go over the fiscal cliff. the white house points out that they have actually gotten more hits on that #my2k than they got during the payroll tax cut fight when they launched a similar effort. so they feel as though this is a good way to put the pressure on congress. but having said all of that, andrea, this really remains in a deadlock. house speaker john boehner saying the situation is in a stalemate today. >> and luke...